A Check Written by the Company for $275 Is Incorrectly

question 14

Multiple Choice

A check written by the company for $275 is incorrectly recorded by a company as $257.On the bank reconciliation, the $18 error should be

• A)added to the balance per books.
• B)deducted from the balance per books.
• C)added to the balance per bank.
• D)deducted from the balance per bank.

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Definitions:

Earplugs

Small devices inserted into the ear canal to protect the ears from loud noises, water, foreign bodies, or excessive wind.

Utility Function

A mathematical representation that ranks individuals' or consumers' preferences for a set of goods or services, indicating satisfaction levels.

Reservation Price

The maximum or minimum price a buyer is willing to accept or pay for a good or service.

BMWs

are high-performance luxury vehicles manufactured by the German company Bayerische Motoren Werke AG.